Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
The price of Dogecoin has manifested acute strength in the last few years after hitting the level of the bottom of the rock during the bear market. Bears were trying to limit the rally every time the price tried to set a strong upward trend. As a result, the price of Doge -a has long been consolidated below $ 0.1. However, after the latest climb, the new ATH seemed to be, but the current trade setting suggests that the 20% return is quickly approaching.
After Dogecoin & Shiba Inu, Pepe was able to attract tremendous attention and, in a very short time, became the third biggest memecoin to the market cap. Since then, the price of Pepe has shown progressive moves. Meanwhile, the pattern that Dogecoin followed in the last few months followed Pepe. This hints at the probably withdrawal if the upper memecoin is closely replicated by the rally of the Pepe Price.
Source: X
The upper charts show the comparison of both prices samples, which suggests that the price of Dogea closely follows the price of Pepe, which consolidated around ATH for some time. In the meantime, the price failed to defend the support of about $ 0.0017, which caused 30% of the withdrawal to reach a local bottom close to 0.0000114. Currently Doge price has reached local support and if the bulls do not start a jump, it can face a 20 -and -out withdrawal.
What follows for Dogecoin (Doge) Price?
After the last withdrawal, the price of Dogecoin fell below the rising trend line, which acts as a strong support. Furthermore, the price fails to regain the lost levels, which can cause concern during the next price. So, the price of Doge -a seems to have lost $ 0.3 support very quickly.
As seen in the above chart, the price of Doge is faced with increased pressure upwards that can pull the level to the support zone between $ 0.29 and $ 0.309. As the RSI is also reduced below the downline of the trend, bear goals are activated for the price. Therefore, Dogea’s price is expected to drop below $ 0.3 and reach $ 0.246 at 0.382 FIB. This could be when RSI can reach the lower threshold. If the levels start the jump, the price of the dogecoin can be deducted and increased above $ 0.3, and in the opposite the drop to $ 0.2 could be inevitable.
